Deposit Rates
APY (Annual Percentage Yield) effective 5/14/2013 and subject to change without notice.
Certificates of Deposit
| Certificates of Deposit | Minimum Balance to Open | Minimum Balance to Obtain APY | APY | Rate |
| 91-day | $1,000 | $1,000 | 0.20% | 0.20% |
| 182-day | $500 | $500 | 0.25% | 0.25% |
| 12-month | $500 | $500 | 0.35% | 0.35% |
| 13-month | $2,500 | $2,500 | 0.50% | 0.50% |
| 18-month | $2,500 | $2,500 | 0.60% | 0.60% |
| 24-month | $2,500 | $2,500 | 0.65% | 0.65% |
| 36-month | $2,500 | $2,500 | 0.80% | 0.80% |
| 48-month | $2,500 | $2,500 | 1.00% | 1.00% |
| 60-month | $2,500 | $2,500 | 1.25% | 1.24% |
| 120-month | $2,500 | $2,500 | 1.80% | 1.79% |
Penalty for early withdrawal from CDs. Fees may reduce earnings.
Early withdrawals from CDs are subject to the following penalties:
- Maturities of less than 12 months, loss of 3 months interest.
- Maturities of 12-35 months, loss of 6 months interest.
- Maturities of 36 months & over, loss of 9 months interest.
**Rate may be bumped up once during CD term. New money only.
IRA
| IRA | Minimum Balance to Open | Minimum Balance to Obtain APY | APY | Rate |
| 182-day | $500 | $500 | 0.25% | 0.25% |
| 12-month* | $100 | $100 | 0.35% | 0.35% |
| 13-month | $500 | $500 | 0.50% | 0.50% |
| 18-month | $500 | $500 | 0.60% | 0.60% |
| 24-month | $500 | $500 | 0.65% | 0.65% |
| 36-month | $500 | $500 | 0.80% | 0.80% |
| 48-month | $500 | $500 | 1.00% | 1.00% |
| 60-month | $500 | $500 | 1.25% | 1.24% |
*12 Month IRA CD - customers can add funds.
Penalty for early withdrawal from CDs. Fees may reduce earnings.
Early withdrawals from IRAs are subject to the following penalties:
- Maturities of less than 12 months, loss of 3 months interest.
- Maturities of 12-35 months, loss of 6 months interest.
- Maturities of 36 months & over, loss of 9 months interest.
**Rate may be bumped up once during CD term. New money only.
Money Markets
| Money Market Accounts | Minimum Balance to Open | Minimum Balance to Obtain APY | APY | Rate |
| Advantage Money Market | $10,000 | $100,000 | 0.30% | 0.30% |
| $10,000-$99,999.99 | 0.20% | 0.20% | ||
| $0-$9,999.99 | 0.10% | 0.10% | ||
| Business Premium Money Market | $10,000 | $10,000 | 0.20% | 0.20% |
| $0-$9,999.99 | 0.05% | 0.05% |
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may reduce earnings.
Savings Accounts
| Savings Accounts | Minimum Balance to Open | Minimum Balance to Obtain APY | APY | Rate |
| Statement Savings | $100 | $100 | 0.15% | 0.15% |
| Kids Club Savings | $25 | $25 | 0.25% | 0.25% |
| Relationship Savings* | $3,000 | $3,000 | 0.15% | 0.15% |
| $0-$2,999.99 | 0.15% | 0.15% |
*This account requires customer to have a Magyar checking account. The checking account must have at least 1 direct deposit, or 3 transactions within the first 45 days of Relationship Savings account being opened. A transaction can be any type of account activity-withdrawal, deposit, online bill payment, etc.
Federal regulation prohibits you from making more than a total of 6 transfers each month to other accounts from a savings or money market account (including transfers to another account for overdraft protection) or to third parties each month by check, through point-of-sale purchase transactions with a banking card, by preauthorized or automatic agreements, telephone, or online. See your account agreement for more information. Other limits may apply to your account. Excessive transactions may reduce earnings.
Checking Accounts
| Checking Accounts | Minimum Balance to Open | Minimum Balance to Obtain APY | APY | Rate |
| Magyar Interest Checking | $100 | $10,000 + | 0.10% | 0.10% |
| $1,000 - $9,999.99 | 0.05% | 0.05% | ||
| Premium Checking | $100 | $50,000+ | 0.25% | 0.25% |
| $10,000-$49,999.99 | 0.15% | 0.15% | ||
| $0-$9,999.99 | 0.10% | 0.10% | ||
| Non-Profit Checking with Interest | $100 | $1,000 | 0.05% | 0.05% |
| Sole Proprietary | $100 | $1,000 | 0.05% | 0.05% |
For more information, call 1-888-990-BANK(2265).
Fees may reduce earnings.
